Lition

Business integration on Blockchain

Average rating :
HIGH

Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP.

experts opinionopen all

This is the first project I have seen having an actual SAP member as an advisor. The CTO of SAP has Lition in his LinkedIn profile which shows the project is legitimate.

Lition already has a working product in the form of a P2P Energy Trading Exchange dApp that generates revenue and has real world customers.

Testnet will be launched before token sale which gives potential investors a glimpse of what they're investing in

Mainnet launch is scheduled for 6 months after token sale. This is a long time for investors to wait to use the tokens (though the team said tokens could be staked before mainnet)

They have implemented some anti-dumping measures such as "Hodl Highway" and offering no bonus to Private Sale investors to help prevent token dumping when its listed on an exchange.

They face a stiff competition with both traditional block chains and Layer 2 Blockchain Solutions such as Loom Network which is very similar to what Lition is aiming to do. Lition does have SAP as a partner but that still doesn't eliminate the over-saturated space it is going to be entering.

-Soft Cap has already been reached which gives them enough funding to finish the project and with token sale yet to be completed, they should be able to raise more money for supporting themselves long-term.

The success of Lition depends on it having Dapps that would bring in users to the network. There are currently a lot of blockchains out there with little to no actual users due to the fact that they dont have that many Dapps.

Lastly, I wished this used a two-token model with one being the current utility token and the other a dividend/profit sharing token with holders owning some % of the company. This is just a personal preference and I know it is not easy having a security token due to the legal aspects of it being a security, but if this bear market has taught me anything, it’s that utility tokens are not being viewed as favorably as they were in 2017 / early 2018, and the market is moving towards security tokens.

The team at Lition is developing a highly scalable next generation blockchain project that incorporates both public and private blockchains aimed at enterprises and various commercial entities. Lition enables the deletion of data stored on the blockchain and is tasked with allowing businesses to produce DLT based commercial products, and to move seamlessly from the Proof-of-Concept stage to creating legally compliant, blockchain based applications that are ready for mass-market adoption.

Lition aims to do this by making use of permissioned sidechains that can be altered as required, in addition to permissioned and permissionless nodes, with the project also incorporating a Layer 2 scaling solution to improve speed and efficiency. The team are working in conjunction with SAP, the world’s largest producer of business software, and the combination of a permissioned distributed storage engine from SAP and Lition’s permissionless consensus system provides businesses a high-throughput, low-latency private transaction solution with public validation for select records. Early on in their whitepaper, the team outline the following key features:

• A light client that can run on IoT devices.

• Low transaction costs, smart contract executions now cost $0.60 and are set to drop to $0.01.

In order to be a leader in the provision of commercial blockchain services, the team plan to comply with GDPR (General Data Protection Rules) which is prevalent in the EU, and as a result, anyone will be able to store their private data with the knowledge that it can be deleted whenever necessary, while highly sensitive data can be stored on private sidechains and also remain safe from quantum-computers.

Lition is developing a scalable public-private blockchain with deletable data features (GDPR complaint), made for commercial products.

The team consists of individuals with a broad set of skills and experience in large corporations.

CEO&COO have been working together on top positions in big European utility corporation Vattenfall.

Dr. Jürgen Müller (CTO and Board Member of SAP), acts as an advisor of Lition as the project has strong ties with SAP (Enterprise Software Giant).

The project has been in operation since the end of 2017 and the team has already commercialized the world's first P2P Energy Exchange dApp in a mass market (Germany).

Apart from energy sector, the team states that they will provide the solution that can be used in every industry that operates large amounts of data. The team is also planning to provide tools for asset tokenization (STOs).

Testnet is set to launch on 21st of February at the SAP Data Space in Berlin.

The HC is currently set to 8M USD and the soft cap of 2M USD was already raised in the seed round.

There is no no bonus for private sale at all, while there was bonus (40%) for seed investors.

We are putting the project On The Radar and will provide more details about Lition in future.

Lition is a project with big ambitions with a broad scope of application. The team want to bring blockchain technology into mainstream use, with a particular focus on enterprise.

The team appears capable, and emphasis should be placed on the collaboration with SAP. This relationship should open many doors for the team and project to make good progress quickly in Europe but especially in Germany.

The use-cases that the team have proposed seem valid, it’s just going to be about onboarding users and integrating with existing enterprise processes that could be difficult.

Sparkster is empowering you to bring your ideas to reality by enabling you to build software without writing code. Then run that software on the Sparkster Decentralized Cloud, a specialized blockchain that can support more than 10 Million TPS.

NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.

Colony is the people layer of the decentralised protocol stack –— an emerging collection of technologies built on Ethereum, which provide open, permissionless protocols for developers to create sophisticated products without having to build complex backend software